New Nintendo Console Confirmed

Nintendo Japan tonight confirmed it will release a new game console in calendar year 2012. It will be announced and playable at E3 this coming June.

"We will show a playable model of the new system and announce more specifications at the E3 Expo, which will be held June 7-9, 2011, in Los Angeles," the company said in a brief statement. Nintendo did not reveal any additional details.

Multiple sources tell IGN the console - dubbed Project Cafe - will be "significantly more powerful" than the Xbox 360 and PlayStation 3, and be backwards compatible with current Wii software. The console will also utilize a new, tablet-shaped controller. Sources say it will have a 6-inch touch screen display, dual analog sticks, and has the ability to stream content directly from the console.

Nintendo president Satoru Iwata told Bloomberg News, "We would like to propose a new approach to home video game consoles" with the Wii successor. He added, "It's difficult to make 3-D images a key feature, because 3-D televisions haven't obtained wide acceptance yet."